Stock Market Highlights: Sensex dips 420 pts, Nifty ends below 23,350; Adani, PSU bank shares tank

Stock Market Highlights: 37 of the Nifty50's 50 constituent stocks ended in the red, dragged by Adani Enterprises, Adani Ports, SBI Life, SBI, and NTPC, with losses of up to 23.44 per cent

12:12 PM

Stock Market LIVE Updates: This garment co's stock hits 5% upper circuit after acquiring Gini & Jony

Stock Market LIVE Updates: Suditi Industries shares clocked 5 per cent upper circuit on Thursday at Rs 20.67 per share on BSE. The counter saw buying after the company announced acquisition of Gini & Jony, a children's wear brand. 

Around 11:31 AM, Suditi Industries shares were locked in 5 per cent upper citcuit on BSE. In comparison, the BSE Sensex was down 0.63 per cent at 77,089.41. READ MORE

 

12:06 PM

Stock Market LIVE Updates: NLC India gains 4% on plans to invest up to Rs 3,720 cr in renewable arm

Stock Market LIVE Updates: NLC India shares rose 3.9 per cent on Thursday (November 21) and registered an intraday high of Rs 246.35 per share. The stock gained after the company on Tuesday announced to invest up to  3,720 crore for various renewable projects. 

 

The company will also acquire stakes in its arm NLC India Renewables by way of subscription for the transfer of renewable assets. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty off day's lows; trade in red

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading lower on Thursday.

At 12 PM, the BSE Sensex was at 77,167, down 410 points, or 0.53 per cent, while the Nifty 50 was at 23,359, down 158 points, or 0.68 per cent.

 

11:56 AM

Stock Market LIVE Updates: Nifty PSU Bank index slips 5%; PNB, BOB, Canara, SBI dip up to 7%

Stock Market LIVE Updates: Shares of public sector banks are under pressure, with the Nifty PSU Bank index slipping 5 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade, and recording its sharpest intra-day fall in over five months.

 

On June 4, the PSU Bank index had tanked nearly 20 per cent in intra-day trade, before ending 15 per cent lower. READ MORE

 

11:48 AM

Stock Market LIVE Updates: Dr Reddy's Labs tanks over 3% after USFDA inspects Hyderabad facility

Stock Market LIVE Updates: Dr Reddy's Laboratories share price fell up to 3.2 per cent at Rs 1,175 per share on the BSE in Thursday’s intraday trade after a regulatory setback at its Hyderabad manufacturing facility.

 

On Tuesday, the company in an exchange filing disclosed that the United States Food & Drug Administration (USFDA) issued a Form 483 with seven observations to the company’s Hyderabad manufacturing facility. READ MORE

 

 

11:38 AM

Stock Market LIVE Updates: Why BlackBuck IPO listing rescheduled for November 22: Key reason revealed

Stock Market LIVE Updates: Shares of Zinka Logistics Solutions, the owner of the digital app platform BlackBuck, are set to make their market debut tomorrow, November 22, 2024, under the T+3 listing rule.
 

Initially, the company's shares were scheduled to list today, November 21, 2024, as mentioned in the Red Herring Prospectus filed with the Securities and Exchange Board of India (Sebi).

However, the listing was deferred by a day due to the closure of stock exchanges on November 20, 2024, because of state elections in Maharashtra, where the exchanges are headquartered. READ MORE

 

11:36 AM

Stock Market LIVE Updates: How SEC's Adani indictment differs from Hindenburg's fraud allegations

Stock Market LIVE Updates: The controversies surrounding Gautam Adani and his conglomerate have escalated with two distinct allegations: the US Securities and Exchange Commission (SEC) indictment and Hindenburg Research’s report.

The SEC accuses Adani, his nephew Sagar Adani, and others of orchestrating a $265 million bribery and fraud scheme, misleading US investors, and violating the Foreign Corrupt Practices Act (FCPA). READ MORE

 

11:27 AM

Stock Market LIVE Updates: Adani Enterprises tests Hindenburg fall support; Group shares can slide 34%

Stock Market LIVE Updates: Amid Thursday's massive fall, Adani Enterprises stock was seen testing support around its 200-WMA (Weekly Moving Average) - a key moving average wherein the stock had found support during the Hindenburg allegations-related slide, shows the technical charts.

 

Shares of Adani Group of companies were under intense selling pressure on Thursday, tumbling up to 20 per cent, after the US SEC indicted Gautam Adani over his role in an alleged multi-billion-dollar bribery and fraud scheme. READ MORE

 

11:12 AM

Stock Market LIVE Updates: Here's why Sensex crashed 902 pts from day's high, Nifty below 23,300 today

Stock Market LIVE Updates: After starting the day on a positive note, the BSE’s 30-stock bluechip index dropped 902 points or 1.16 per cent at 76,802.73, from its day’s high of 77,711.11 on Thursday. In contrast, the NSE’s Nifty50 started the day in the negative territory and further fell 255 points or 1.08 per cent at 23,263 level from its previous close of 23,518 level. 

 

Indian equities were under pressure again on Thursday owing to a confluence of factors led by billionaire Gautam Adani’s indictment in a bribery case by US Securities and Exchange Commission (SEC). READ MORE

 

11:02 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty maintain lower levels

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading lower on Thursday.

At 11 AM, the BSE Sensex was at 77,021, down 557 points, or 0.72 per cent, while the Nifty 50 was at 23,321, down 196 points, or 0.84 per cent.

 

10:55 AM

Stock Market LIVE Updates: SIS up over 2% as board to consider fundraising via debt issue on Nov 25

Stock Market LIVE Updates: Shares of private security firm SIS soared up to 2.36 per cent to hit an intraday high of Rs 388.95 per share on Thursday, November 21, 2024.

 

The uptick in share price of SIS came after the company announced that its Board of Directors will meet on Monday, November 25, 2024, to consider, inter-alia, the proposal for fund raising by debt issue in the form of debentures, subject to requisite approvals. READ MORE

 

10:44 AM

Stock Market LIVE Updates: Adani Group sees $22 billion in value wiped off after US indictments

Stock Market LIVE Updates: Shares of Adani Group companies lost about $22 billion in market value in early trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

 

Gautam Adani's flagship company Adani Enterprises fell 10 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC, Ambuja Cements and NDTV fell between 8 per cent and 20 per cent. READ MORE

 

10:31 AM

Stock Market LIVE Updates: Honasa denies distributors saddled with excess near-expiry products

Stock Market LIVE Updates: Honasa Consumer, that operates the Mamaearth brand of products, today clarified that recent reports of its distributors being saddled with a high volume of near-expiry products, as alleged by the All India Consumer Products Distributors Federation (AICPDF), is false. 

The company, in an exchange filing, said, "We would like to strongly deny the recent misinformation being spread by All India Consumer Products Distributors
Federation (AICPDF) around Honasa’s practices with its distributors and distribution transition, covered through some of the recent news articles, and social media
conversations based on the same." 

The company said that as of  October 31, 2024, as per data from the Distribution Management System implemented at Honasa distributors currently active and associated with the company, the distribution value-chain, consisting of direct distributors, super-stockists and sub-distributors, carried a total inventory of INR 40.69 crore, (as against the quoted figure of ~INR 300 Cr of near-expiry inventory by AICPDF).

 

10:17 AM

Stock Market LIVE Updates: Gautam Adani charged by US in $265 million bribery case: Top things we know

Stock Market LIVE Updates: Billionaire industrialist Gautam Adani has been charged by the United States in an alleged bribery and fraud scheme amounting to $265 million. US prosecutors alleged that Adani, his nephew Sagar Adani, and six other defendants paid bribes to Indian government officials to secure solar energy supply contracts yielding $2 billion in profits over 20 years.

 

Adani and others have been indicted by the US Securities and Exchange Commission (SEC) in New York for allegedly violating the Foreign Corrupt Practices Act (FCPA). A complaint was filed in the US District Court for the Eastern District of New York. READ MORE

 

10:08 AM

Stock Market LIVE Updates: Telecom stocks mixed after SC allows to claim tax credits on infra duties

Stock Market LIVE Updates: Telecom stocks-- Bharti Airtel, Indus Towers, Vodafone Idea--traded mixed in morning deals on Thursday (November 21) after the Supreme Court (SC) ruled these companies can avail tax credits for duties paid on infrastructure like towers, parts, shelters, printers, and chairs, against the service tax they pay for providing cellular services.

 

Around 9:18 AM, Indus Towers' share price was up 1.61 per cent, and Bharti  Airtel was up 0.53 per cent on BSE. However, Vodafone Idea was down 0.42 per cent. In comparison, the BSE Sensex was down 0.57 per cent at 77,133.82. READ MORE